Toll Pricing with Elastic Demand and Heterogeneous Users
The authors consider a general transportation network where travelers are categorized into classes according to their value-of-time (VOTs). The travel demand of each class in each origin-destination (OD) pair is a known decreasing function of the generalized travel cost to reflect different values of the trips. The authors give an economic interpretation of elastic demand with user heterogeneity. The authors further consider the first-best pricing problem with elastic demand with heterogeneous users. The authors show that such a nonnegative toll always exists, and finding such a toll is simple in that only a convex optimization problem needs to be solved.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/9780784413609
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Supplemental Notes:
- © 2014 American Society of Civil Engineers
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Corporate Authors:
American Society of Civil Engineers
1801 Alexander Bell Drive
Reston, VA United States 20191-4400 -
Authors:
- Wang, Shuaian
- Harrison, Mark
- Dunbar, Michelle
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Conference:
- Second International Conference on Vulnerability and Risk Analysis and Management (ICVRAM) and the Sixth International Symposium on Uncertainty, Modeling, and Analysis (ISUMA)
- Location: Liverpool , United Kingdom
- Date: 2014-7-13 to 2014-7-16
- Publication Date: 2014
Language
- English
Media Info
- Media Type: Web
- Pagination: pp 2265-2271
- Monograph Title: Vulnerability, Uncertainty, and Risk: Quantification, Mitigation, and Management
Subject/Index Terms
- TRT Terms: Elasticity (Economics); Origin and destination; Road pricing; Tolls; Travel demand; Value of time
- Uncontrolled Terms: Convex optimization problem; Heterogeneous users
- Subject Areas: Economics; Highways; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01532728
- Record Type: Publication
- ISBN: 9780784413609
- Files: TRIS, ASCE
- Created Date: Aug 4 2014 6:46PM